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Great Plains Energy Incorporated, through its subsidiaries, generates, transmits, distributes, and sells electricity. It also provides regulated steam services in St. Joseph, Missouri. The company generates electricity through coal, nuclear, natural gas, oil, and wind resources. It has approximately 6,600 megawatts of generating capacity. The company sells electricity to 830,800 customers in the states of Missouri and Kansas, including 730,800 residences; 97,400 commercial firms; and 2,600 industrials, municipalities, and other electric utilities. Great Plains Energy Incorporated was founded in 1919 and is headquartered in Kansas City, Missouri.

great plains energy inc (GXP) Key Developments

Great Plains Energy Incorporated Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Feb 25 15

Great Plains Energy Incorporated announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the year, the company announced earnings of $241.2 million or $1.57 per share of average common stock outstanding, compared with full-year 2013 earnings of $248.6 million or $1.62 per share. Net income was $242.8 million or $1.58 per share against $250.2 million or $1.63 per share a year ago. Operating revenues for the fourth quarter ended December 31, 2014 were $2.57 billion, compared to $2.45 billion for the year ended December 31, 2013.
For the fourth quarter, the company reported net income was $19.5 million or $0.12 per share against $17.5 million or $0.11 per share a year ago. Earnings available for common shareholders were $19.1 million or $0.12 per share against $17.1 million or $0.11 per share a year ago. Operating revenues for the fourth quarter ended December 31, 2014 were $552.2 million, compared to $538.8 million for the same quarter ended December 31, 2013.
The company's 2015 earnings per share guidance range is $1.35 to $1.60 and the company remains confident in 4% to 6% earnings growth target through 2016. Depreciation expense driven by capital additions will also increase in 2015.

Great Plains Energy announced that its Board of Directors approved a quarterly dividend of $0.245 per share on its common stock. The company's annual dividend level is $0.98 per share. The common dividend will be payable March 20, 2015 to shareholders of record as of February 27, 2015. The shares will begin to trade ex-dividend on February 25, 2015.
The Board of Directors also declared regular dividends on the company's 3.80%, 4.20%, 4.35% and 4.50% series of preferred stock, payable June 1, 2015 to shareholders of record as of May 8, 2015. The shares will begin to trade ex-dividend on May 6, 2015.

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